The euro settled below the MACD indicator line on the daily chart for the last two days. A pronounced consolidation provides more prerequisites for overcoming the resistance of the MACD line (1.1902), which will help the euro reach the upper border of the downward price channel on a weekly scale (1.1936) and even to its breakout with the subsequent target at 1.2010. And from a fundamental point of view, this scenario is reinforced by the next postponement of the Brexit deadline to December 10, which is when the Brexit deal is expected to be adopted at the EU summit. The agreement itself may be ready by November 30th.


The Marlin oscillator does not provide hints on the daily scale, it moves horizontally.

The four-hour chart shows that Marlin is turning upward from the border of the bears’ territory, the price is developing above the balance and MACD lines, which ultimately increases the likelihood of rising further to about 60%.


The growing market sentiment may be shaken when the price settles below the MACD line at the four-hour chart, below 1.1840 to be more specific. The 1.1750 target level will become relevant again. We are waiting for the development of events.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.